Ocular Implants Market Set for Rapid Growth by 2024

Global Ocular Implants Market: Overview

Ocular implants are used for the medical surgeries that deal with the replacement of the injured eye or to increase the sharpness of the vision. Different types of implants are available in the market which can be used for the treatment of various eye disorders. The implants such as implants for glaucoma surgery, intraocular lenses, corneal implants all these are used to treat the injured or the missing eyes. According to the eye dimensions, the customized prosthetic eyes are made available.

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Global Ocular Implants Market: Segmentation

The global market for the ocular implants is fragmented into implant type, application, and the end-user industry. On the basis of implant type, the global market is segregated into corneal implants, orbital implants, intraocular lenses, ocular prosthesis, glaucoma implants, and others. The intraocular lenses segment is sub-segmented into anterior chamber IOL, multifocal IOL, aspheric IOL, and others. On the basis of application, the market is categorized into aesthetic purpose, drug delivery, glaucoma surgery, oculoplastic, age-related macular degeneration, and others. On the basis of end-user industry, the market is divided into specialty eye clinics, hospitals, and eye institutes.

Global Ocular Implants Market: Growth Factors

The factors that are contributing to the growth of the ocular implants market are the growing geriatric population, the increasing cases of the cataract development which is mostly in the patients that are above the age of 65. In the coming years, the market will grow positively owing to the technological advancements that are made in the implants such as the multifocal intraocular lens technology and the increase in the awareness rate about the aesthetics in the younger group of the population will fuel the market for ocular implants. The factors that are restraining the growth of the ocular implants market are the lack of the skilled professionals that deal with the implantation procedures and the side effects that may occur due to the eye implants.

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Global Ocular Implants Market: Regional Analysis

According to the regional study, the global market for the ocular implants is diversified into Eastern Europe, North America, Asia Pacific, Latin America, Western Europe, and the Middle East and Africa. The regional markets that are having a wide range of opportunities in the ocular implants market are the North America and Europe. These markets are developing due to the factors such as the increased number of the market players in the developed regions and the growing cases of the eye surgeries. The market players are focusing both on the developing and the developed regions in order to explore all the untapped opportunities. In the coming years, the ocular market will grow significantly owing to the developing healthcare infrastructure and the positive patient demographics.

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Global Ocular Implants Market: Competitive Players

The key market players that are involved in the ocular implants market include Novartis AG, Pfizer Inc., Staar Surgical, Johnson & Johnson Services, Inc., Bausch & Lomb Incorporated., Morcher® GmbH., and others.

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